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Once again, the above video link provides an overview
referencing current stock market conditions relative to similar
past readings. This would be most relevant for position
investors (such as retirement accounts) to monitor on a weekly
This is NOT a
forecast just data points at this time. Continue to keep an
open mind and respect the message of the market.
Markets are fluid and subject to change as we all know - key is
to establish a methodology that fits with your beliefs. You
can also incorporate a hybrid approach with your portfolio by
position investing certain funds for longer term (accepting
volatility until EVIDENCE changes) and dedicating other funds to
short term trading. Those are decisions for each individual.
If you have yet to formalize an investing/trading approach
please take some time to formalize a template - you can always
adjust but it's best to have something in place. From there,
you should formulate a PLAN that entails your objectives.
Once a plan is in place, then you can refine down to which
specific securities you want to invest and/or trade. This is
a TOP DOWN approach that should be enacted PRIOR to looking for
trades. Just like a Football team(or any sports team) - the
General manager has a vision/approach on how he/she wants to build
a team. Then he/she hires a coach to devise a scheme around those
players to maximize their talents. Next, the coach puts
into place a weekly game plan (making necessary adjustments) before
finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a
consultant/assistant coach who helps to make your job easier
along the way. We provide daily analysis of several markets
which helps to provide some guidance as to how we see things.
We also spend a considerable amount of time providing tips
and educational examples to help execute you plan. Think of
the DVT approach for swing trades and the nightly discussion of
charts involving patterns and candlesticks, etc. We
also scan for and offer trade suggestions (ideas) that we believe
are valid setups and we take time to review the triggered setups in
the following days. Partake in only the ideas that fit into
your plan and simply ignore ones that don't. Finally, we
spend time posting relevant comments and numerous charts every day
in the trading community relating to what transpiring during that
trading session and updating trade ideas.
Thanks, Matt -- appreciate it. Looking forward to seeing
those things you've been working on!
Steve, how does one access the "Ciovacco Historical
Perspective Charts?" I would imagine you need to be a
He puts out a weekly video via Twitter on Friday Night
Hi Matt/steve, is today highly likely to be a trend day?
I've posted my recording of my educational video on Symmetry
CLICK HERE to watch the video
. I suggest watching in 1080 resolution on a monitor or table
(not your cell phone)
Matt, your video on symmetry was excellent. Thank you! It has
already improved my ability to analyze patterns.
thank you very much! There's a few things I wished I had covered
in that video, but it's fine, I think it was a good introduction
and overview and a very nice tool for folks to have. I'll be making
follow up videos and as you saw I've been pointing out symmetry a
lot more in the newsletters lately so that helps further the
Great video matt. Couple of questions.
1) When you are measuring how far do you go back.
2) If you have multiple legs of varying size do we have
probability on which would be best fit.
3) How many times does a symmetry move repeats is there a most
common number like (3, 5, 8)?
4) have you or anyone done any imperial analysis as to
how often they are successful.
I am trying to find a symmetrical move but finding it hard to
find one that matches in real time. It would be great if we
can incorporate that in to newsletters like symmetry projections
for let we are in.
in answer to your questions:
1 - symmetry is relative to the trend and time frame you are
following so like Einstein would say, it's relative. When I look at
the 5 min SPX I'm generally looking for symmetry moves that day. a
30 or 60 min might be 15 - 30 days, a daily will depend, and so
will a weekly. No one answer here - observe the trade you are
monitoring relative to that time frame
2. not really - one thing I showed is that price many times will
follow multiple symmetries not just the largest one. Also what I
didn't discuss in that video much is that generally I count
symmetry with respect to 1 wave so like an A wave or C wave vs the
whole ABC zig zag move
3. it just varies and honesty it's going to follow whatever wave
count structure ends up unfolding whether it's a simple ABC zig zag
or a 5 wave uptrend or a 5th wave extension etc.
4. I've followed it for years, it works very well. and while
we'll monitor a break in symmetry, most of the time symmetry is not
broken and is best used for price targets and a tool for places to
buy and sell.
again what I suggest is that you take various charts and
practice mocking them up. It takes time to start understanding it
and practice to calibrate the eye. There's some art too it just
like all TA.
as far as newsletters I'll be adding it to more charts and
commenting on it
thank you matt. Love your work.
thank you, really appreciate the feedback!
Really good Matt. Thank you. I am working symmetry in to
approach for sure.
Do you always use arithmetic charts, even if longer term like
Tesla in the video? My layman's logic would prefer log charts
on longer timeframes....
It's wise to look under the hood and not just at the
SOXS - Chart Link- what concerns me about the
market is how far SOXS could go eventually such as to that 6 area
anyway ES down 20, we'll see what goes on tomorrow but not
shocking to see follow through down
PG daily short, they report tomorrow however.
It's going to take me a while to still compile everything,
here's a spreadsheet showing the systems on SPY and ES. So far ES
has been doing better than SPY, though I only have up to 2019
added.. It's the same set of systems I use for SPY but on ES as
well. They do a lot of the same and similar trades but you can see
how they average one another out where SPY or ES catches a trade
the other does not, or one exits better etc.
SBUX daily talk about the bottom of the cup falling out.
been awhile since i reviewed the chart. guess they are
getting hit with all kind of rising costs, jo , labor, etc.
Thanks for the post as a reminder, it really helps when the post
is close to the top when I wake up to check. IWM is at previous
HTA daily short starting to work. hoping it fills
LOB daily shorted this one and it hit its symmetry
Trip 7s - From a numerology perspective, the Dow, SnP and QQQs
all ended on a 7.
AMD - Chart Link - working nicely
DBC - Chart Link
USO - Chart Link
Hello Everyone, just to confirm regarding the SPY systems, the
QE BTS sub system is taking a 1st entry long today at the
We take $10K SPY ETF and 1 SPY call option with an expiration of
March 18th with a strike price of 445
Dead Cat Bounce - maybe another day
I'm guessing still good for QE BTS entry SPY system. Any other
systems triggering? Thanks
Great day to sell some puts! OpEx Friday...the game is on.
$SPX - Chart Link- hard sell off there at that
CFVI just like DWAC has been a nice long
UPST - Chart Link I posted this early as a
bounce off support - you were buying the Christmas Tree at the
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